Share price of ICICI Lombard falls as Sensex drops 81.59 points

Share price of ICICI Lombard falls as Sensex drops 81.59 points
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

A total of 70,234 shares changed hands on the counter till 12:35PM (IST)

Getty Images
Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
Share price of General Insurance Company Ltd. dropped 1.3 per cent to Rs 1527.4 at 12:35PM (IST) in Friday's trade. The counter hit a high of Rs 1556.4 and low of Rs 1525.0 so far during the session. The stock had closed at Rs 1547.5 in the previous session.

The counter had a total traded volume of 12:35PM shares so far with a turnover of Rs 10.71 crore on BSE. The stock traded at a price-to-earnings multiple of 47.37 and a price-to-book ratio of 8.58.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

Did you Know?

Stock score of ICICI Lombard General Insurance Company Ltd moved down by 1 in 6 months on a 10-point scale.

View Latest Stock Report »

The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

ICICI Lombard General Insurance Company Ltd. belongs to the Insurance - Non Life industry.

Promotor/FII Holding
Promoters held 51.88 per cent stake in the company as of 31-Mar-2021, while FIIs and domestic institutional investors ownership stood at 29.9 per cent and 11.14 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 920.72 crore for the quarter ended 31-Mar-2021, up 103.68 per cent from the previous quarter's Rs 452.05 crore and up 55.11 per cent from the year-ago quarter's Rs 593.58 crore.

Its profit for the latest quarter stood at Rs 345.68 crore, up 22.61 per cent from the same quarter a year ago.

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day

Read before you invest. Insights on ICICI Lombard General Insurance Company Ltd.. Explore Now